Home repossession stopped by People Power!

"Some" Baliffs do indeed enjoy the heavy handed approach, or at least they do if the person they are approaching is percieved as vulnerable, or at least unlikely to be reasonably"defensive" against thier unwarranted aggression.

Ive had the misfortune to have to deal with one or two who seemed to think they were in a low budget gangster movie.

This true? Genuine question, not trying to catch you out ...

not exactly, it is your money and in general they would return it to you if you asked nicely.

However, if everyone asked for all their money all at the same time they wouldn't have the cash on hand to be able to give it to you because most of it has been loaned out. The account terms and conditions probably include a clause giving the bank the power of decline to give out some or all of the money under these circumstances. Depending, on the causes of the bank run then you either get your money a bit later once the bank has resolved it's problem or you get it back, subject to a few quite high limits, from the deposit protection scheme.

"Some" Baliffs do indeed enjoy the heavy handed approach, or at least they do if the person they are approaching is percieved as vulnerable, or at least unlikely to be reasonably"defensive" against thier unwarranted aggression.

 

Ive had the misfortune to have to deal with one or two who seemed to think they were in a low budget gangster movie.

Like these,

Man beats court baliffs and prevents eviction,

https://www.youtube.com/watch?v=u8g_tNimjEo

If you deposit any amount lets say a £1000 firstly did you read the small print when you opened your account. The money is no longer yours.. it is theirs and if they chose not to return it to you then tough.

.

That's not strictly true.

The money is no longer yours, but you have a legal claim to it. They cannot just "choose" not to return it, you would sue and easily win, a court would enforce the return of the balance of your account.

In the event that the bank is UNABLE to return it, in the UK, the government guarantees the first £85k of your deposit.

So unless the state fails you WILL get your money back. If the state fails then your money is worthless anyway so who cares.

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Clearly you do not understand the banking system.

 

If you deposit any amount lets say a £1000 firstly did you read the small print when you opened your account. The money is no longer yours.. it is theirs and if they chose not to return it to you then tough. The do return it to people becuase if they got a reputution for not returning it then no-one else would bank with them. But if the bank ever gets in to trouble or their is run on the bank they do not have to give you what you thought was your money.

 

Banks do not lend out their own money. Because if they have £1000 in deposits they are allowed to lend out up to 10 times as much...so in this case £10,000.

 

If that person does not spend it all and leaves some in the bank, for a rainy day...whatever. The bank can again lend out up 10 times the amount deposited.

 

You don't have to, and at least some of you won't, take my word for it.

Suit yourselves.

 

This link is a US site but the system is employed throughout the West

http://www.learningmarkets.com/understanding-the-fractional-reserve-banking-system/

 

 

Banks do not have sufficient cash reserves to return cash to all the depositors at once since Carr V's Carr 1811 they don't have to.

 

http://blogs.telegraph.co.uk/finance/edmundconway/100006189/the-scary-truth-about-your-banks-and-your-savings/

 

Cast your mind back to what happened in Greece.

The banks and the state got away with it.

Was it trial run for something much bigger?

 

The US economy has been propping up the world economy since 1944 and the Bretton Woods Agreement.

In exchange for which the world agreed that all oil deals must be done in dollars

The gold standard was dropped in 1971 by Nixon.

US wealth is generated by the petrodollar which is losing its power, credibility and of course value.

http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/

 

the US Federal Reserve (which btw is a private company) just prints more dollars when the US needs them and charges them interest for doing so.

Paper currency has no other value than the 'promise' to pay.

That is ..pay the bearer the said amount in the same currency as the paper purports to represent.

 

The sale of US bonds also helps their economy massively and China owns more than anyone.. alledgedly.

No-one is buying US bonds presently, other than Begium who is appaerntly buying massive amounts in US bonds ...allegedly Belgium if being financed by.... the Federal Reserve.

http://www.globalresearch.ca/who-owns-the-federal-reserve/10489

 

Starting to see the problem yet?

 

In the last 10 years the US work force has gone from 27% in manufacturing to 9% and now relies heavily on imports. imports paid for with ... petrodollars.

It now appears that increasingly less people want or need petrodollars anymore.

 

Make of all that what you will.

 

But please do not take my word for it check it all out for yourselves.

.

Couldnt agree more. People who dont understand banking should look into this

Couldnt agree more. People who dont understand banking should look into this

Cyclone sums it up. If it all goes tits up, it's irrelevant anyway.

Does anyone know if there has there been any development in the original story?

the guy is doing his job. Like it or not it's how he earns his living. It's not clear from the links whether mr C defaulted on his mortgage payments. If he did and didn't make arrangements with the lender to repay under other terms then he's not helped himself at all

 

---------- Post added 04-08-2014 at 05:20 ----------

 

A good mate of mine is a bailiff and a nicer guy you couldn't meet. He's not judgemental about people at all but if they get called in then they do the job they are engaged to do. A bailiff on your doorstep is always a last resort so you do whatever is required to avoid it at all costs. His advice is just that. But sadly people ignore things and ignore them again and again hoping it will go away. It doesn't.

 

best policy is if for any reason you cannot pay something, tell those you owe the money to and work something out before a bailiff is necessary every time

he is doing his job, just think how much aggro he gets from the people who cant afford to keep up repayments. you try and be nice when you are doing that line of work

Tom Crawford paid off all of the endowment mortgage that he took out in 1988. He wanted to sue the building society for fraud but as usual the judge dismissed the case "without merit".

Get-out-of-debt-free and We-are-change-Manchester have irrefutable evidence Mr Caress has been evicting people UNLAWFULLY for many years.

This movement is gaining momentum and this is history in the making. Several more evictions have been stopped by people power since this case.

such as

https://www.youtube.com/watch?v=2U1rKz9A7c8

---------- Post added 01-09-2014 at 02:29 ----------

the guy is doing his job. Like it or not it's how he earns his living. It's not clear from the links whether mr C defaulted on his mortgage payments. If he did and didn't make arrangements with the lender to repay under other terms then he's not helped himself at all

 

---------- Post added 04-08-2014 at 05:20 ----------

 

A good mate of mine is a bailiff and a nicer guy you couldn't meet. He's not judgemental about people at all but if they get called in then they do the job they are engaged to do. A bailiff on your doorstep is always a last resort so you do whatever is required to avoid it at all costs. His advice is just that. But sadly people ignore things and ignore them again and again hoping it will go away. It doesn't.

 

best policy is if for any reason you cannot pay something, tell those you owe the money to and work something out before a bailiff is necessary every time

Does anyone know if there has there been any development in the original story?

According to GOODF he is still in his own home

https://www.youtube.com/watch?v=35PvAoH5IPk

 

The Banks are trying to take a family home after they paid for it. are all corrupt and will resort to any means to steal your homes.

 

Tom Crawford has been a law abiding, mortgage paying, thoroughly decent British gentleman all his life. He has paid his taxes and owes not a penny on mortgage but yet still, due to fraudulent and scurrilous action by Bradford and Bingley Building Society he, and his family, were set to be evicted on the 23rd July 2014 at 9am by one of the most notoriously heavy handed and heartless bailiffs from the Nottingham area, David Caress.

 

As you will see in this video - People Power put paid to his bullying ways and his true cowardly nature was exposed when the meat head failed to show his less than handsome face...

 

The kind of fraudulent repossession of people’s homes by the banks is happening more and more frequently and this corporate banking steamrollering must be sent a clear message from the people... That message must be NO!

 

Must watch.

 

The

Banks, Courts, and Bailiffs Move to Scotland you don't have this stuff!!!! >> Billy boy bailiffs ... Not in Scotland.

The

Banks, Courts, and Bailiffs Move to Scotland you don't have this stuff!!!! >> Billy boy bailiffs ... Not in Scotland.

Scotland has the equivalent in Sheriff Officers, who carry out a very similar role in debt recovery, evictions etc.

We had an endowment mortgage, with two different insurance companies. One paid up, the other had a shortfall of around £4k. We took it to the ombudsman and got the money.

If the man has been paying the insurance (endowments are basically life insurance) then he should have some evidence. We got statements every year, and more once it became evident that policies weren't going to pay out what they had forecast! Apart from policy documents (which can get lost) his mortgage statements over the years would have shown that the principal sum hadn't reduced. I feel sorry for the situation he is in, but he must have been incredibly naive to believe he was paying for something that wasn't recorded anywhere.

Haven't watched the vid, but have read about the case online. It seems something's not quite right here. If he had an 'endowment mortgage', he'd have copies of the insurance policy and details of the payments he's made over the years. And if he hasn't kept his statements, his bank(s) will be able to provide them for him.

 

If he stopped paying the endowment at some time during the term, the mortgage would then be what we now call 'interest only' which obviously he is going to have to find some way of paying the capital sum back.

 

It says the mortgagor wrote to him in 2007 about this, so after 7 years he's still not sorted it out?

My parents had that kind of mortgage but it ended up being short by about 20k so had to remortgage to pay restm not watched the video but if the banks wrote to him he's only got himself to blame

Endowment Mortgage...

Each month you only pay off the INTEREST only ...You pay nothing off of the CAPITAL which is the purchase price of the house.

So..you MUST take out and KEEP PAYING the Endowment Insurance policy every month for the full term of the mortage..So that this policy matures and pays off the CAPITAL.

The lure to having an Endowment / Interest Only mortgage...was that the policies were supposed to mature providing not only enough to pay off your Capital but act as a savings or investment for the future by paying back more than the Capital you owed..

Like any financial product the people who sold these to you in the Banks and Building Societies earned a fee for doing so..

Sadly these Endowment policies didn't perform and people were left owing money on their mortgages.

When this was realised compensation was given to those people..which should have helped them pay of the shortfall on their owed Capital.

The remainder of their mortgage payments were turned into part Interest and part Capital or Repayment mortgages by their Banks /Building societies.

This idiot "Ceylon" who is speaking on the video...who wants a prat like that speaking on your behalf...